[Cog]

World Socialist Web Site? LOL Good one onlooker. You never disappoint.

The world is free to ignore our sanctions on Iran, if they choose not to trade with the USA. Don't you believe in freedom bro?

[Yoshua]

Exxon makes a refining loss on falling margins and rising fuel inventories.

https://www.reuters.com/article/exxon-m ... SL1N2280B7

[Yoshua]

Bloombergs commodity index is pointing towards falling prices.

Falling EROEI = Falling prices (deflation).

https://pbs.twimg.com/media/D5TdxnMWwAI ... name=large

[shortonoil]

$this->bbcode_second_pass_quote('', 'F')alling EROEI = Falling prices (deflation)

[eclipse]

It's interesting to note that one of the huge energy costs in nuclear power is all the mining and refining of uranium particles to get down to yellowcake and prepare that into fuel rods - and yet nuclear power still has a good enough EROEI. But this is where breeder reactors that 'eat' nuclear waste will shine. They'll get something like 60 to 90 times the energy out of the same amount of uranium, pyroprocessing the fission poisons out to concentrate the good stuff back into the reactor. While it takes a fair bit of energy to do this, it eliminates the truly enormous energy cost of mining and refining uranium. I've seen papers estimating the EROEI of breeder reactors in the high hundreds, close to a thousand! That's more than enough energy to charge all our EV's, crack seawater and extract CO2 from seawater into e-diesel (aka "Blue Crude"), and run our civilisation for 5 billion years. (The beauty of it is uranium from seawater can be economically extracted by low hanging dongles that passively soak up the particles, and yet continental drift + erosion keeps topping up the oceans for us! Little did I know that George W Bush was actually correct when he accidentally called nuclear power 'renewable!' )

[eclipse]

$this->bbcode_second_pass_quote('StarvingLion', 'B')elow is The Worldwide Headquarters of The "Federal" "Reserve" in 2025. These worthless sacks of shit will indeed discover The Technological Singularity by being squashed like a Bug from Dropping EROEI between 2020-2025. Bye Bye Vermin!

[shortonoil]

$this->bbcode_second_pass_quote('', 'Y')ou promise? Right, 2025 locked in. I remember back in 2004 that a whole bunch of peak oil doomers from Mike Stasse's (Australian) Running on Empty Australia Yahoo email group that we'd be in Mad Max by now, that I should get my family out of Sydney ASAP because it was all coming down this decade. Here we are in 2019. Still here.

[asg70]

Another day another tedious boilerplate end is nigh pronouncement from short with the same tired graph and extraneous whitespace.

[eclipse]

$this->bbcode_second_pass_quote('shortonoil', 'W')orld GDP growth stopped at an ERoEI of 9.6:1, which occurred in 2012. It is now all about central banks printing counterfeit money which allows for the consumption of existing assets. Without growth there will soon be no debt based monetary system, which means no one will be building 3 billion EV to replace the existing 3 billion oil powered ICE. Going from point A, to point C, by skipping point B is an illusion.

[shortonoil]

$this->bbcode_second_pass_quote('', 'T')he global economy has kept growing. It's growing slower than it was, but as you know 3% on 3% on 3% on 3% soon adds up.

[kublikhan]

$this->bbcode_second_pass_quote('shortonoil', 'T')he world economy is NOT growing at 3%. Since 2014 it has grown at 0.39%. That is essentially no growth, which means that there is not enough economic activity to service the existing $247 trillion in world debt. The end result will be a collapse it the present debt based monetary system. Some put that in 2024 when all sales of US government bonds will go to paying the interest on its existing debt. Growth is not going to reappear because the energy is not there to power it; the the world is now at Peak Oil. Hiding one's head in the sand will only mean that they will be sucking a lot of dirt in the very near future. It is kind of interesting how they put "world" right over the top of the recent data.

http://data.worldbank.org/indicator/NY.GDP.MKTP.CD

[shortonoil]

$this->bbcode_second_pass_quote('', 'L')iar. What did I tell you about doing math yourself? You will make yourself look like an idiot. Go with what the world bank ACTUALLY SAYS:

[rockdoc123]

$this->bbcode_second_pass_quote('', 'W')hat an idiot you are. Can't even subtract two numbers and divide by a third. The world's IQ is going down, and we are fortanute to have you around to demonstrate just how much it has declined. Being called a liar by a brain dead zombie is not something to loose much sleep over.

[eclipse]

$this->bbcode_second_pass_quote('shortonoil', '')$this->bbcode_second_pass_quote('', 'L')iar. What did I tell you about doing math yourself? You will make yourself look like an idiot. Go with what the world bank ACTUALLY SAYS:

[Cog]

GPS positional accuracy has increased yearly since the first Satellite was launched. We build roads and bridges using survey grade GPS, something unheard of just 15 years ago.

Shorty you shouldn't flounder about on the board with you ill-informed opinions, when there are subject matter experts that inhabit this place.

[shortonoil]

$this->bbcode_second_pass_quote('', 'G')PS positional accuracy has increased yearly since the first Satellite was launched. We build roads and bridges using survey grade GPS, something unheard of just 15 years ago.

[KaiserJeep]

$this->bbcode_second_pass_quote('shortonoil', '')$this->bbcode_second_pass_quote('', 'G')PS positional accuracy has increased yearly since the first Satellite was launched. We build roads and bridges using survey grade GPS, something unheard of just 15 years ago.

[Yoshua]

Warren Buffet doesn't understand how inflation can be so low with today's fiscal and monetary policies.

Lagarde said that inflation is mysteriously low.

Well...they haven't heard about the Energy Halfway Point?

Oil prices have been rising this year. Usually rising oil prices leads to rising inflation. But not this time.

What if rising oil prices lead to deflation in commodity prices as the global economy slows down in response to rising oil prices?

https://pbs.twimg.com/media/D5j3K29WkAA ... ame=medium

[onlooker]

https://srsroccoreport.com/global-econo ... -declines/

Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines

[AdamB]

$this->bbcode_second_pass_quote('onlooker', 'h')ttps://srsroccoreport.com/global-economic-growth-in-serious-trouble-when-u-s-shale-oil-peaks-declines/

Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines